12th Joint Commission meeting between India and the UAE
India and the UAE on reviewed their entire gamut of bilateral ties during their 12th Joint Commission meeting and signed two agreements. The meeting, co-chaired by External Affairs Minister Sushma Swaraj and United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, witnessed the signing of a memorandum of understanding (MoU) for development cooperation in Africa. Another agreement on Indian Rupee /UAE Dirham currency swap between the UAE Central Bank and the Reserve Bank of India was also exchanged. With nearly $50 billion bilateral trade, the two countries are one of the largest trade partners for each other and have made robust investments bilaterally. The UAE is the sixth-largest source of India`s oil imports and hosts a 3.3 million-strong Indian Community.
India and the UAE on reviewed their entire gamut of bilateral ties during their 12th Joint Commission meeting and signed two agreements. The meeting, co-chaired by External Affairs Minister Sushma Swaraj and United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, witnessed the signing of a memorandum of understanding (MoU) for development cooperation in Africa. Another agreement on Indian Rupee /UAE Dirham currency swap between the UAE Central Bank and the Reserve Bank of India was also exchanged. With nearly $50 billion bilateral trade, the two countries are one of the largest trade partners for each other and have made robust investments bilaterally. The UAE is the sixth-largest source of India`s oil imports and hosts a 3.3 million-strong Indian Community.